Why electric car charging station franchises are a good investment

Charging electric vehicles is becoming more profitable than charging stations. Currently, there are not enough charging stations for electric vehicles in the U.S. The national infrastructure for electric vehicles currently lags far behind the pace of electric vehicle adoption.

Summary:The national electric vehicle charging infrastructure needs to develop at a faster pace than it does now. The White House and dozens of state governments are preparing for an electric future through policies that support EV charging infrastructure and incentives that encourage businesses and residents to install EV charging stations on their properties. While EV charging stations, which are synonymous with today's charging stations, are part of the development, EV charging stations have the potential to go beyond one type of facility. They are in demand in many sectors, including jobs, retail, hospitality, residences and multifamily housing. Now is a good time to take advantage of electric vehicle charging. Also consider investing in an electric vehicle charging station franchise.

What is the business model for electric vehicle charging stations?

Since electric vehicle charging stations are installed in different industries, business models vary and depend on the type of business they are installed in. In general, there are two basic business models for commercial electric vehicle charging stations: owner-operated and third-party operated.

In .owner-operated service or CAAS.

How much do you charge for the service?

Charging as a Service is a business model that allows businesses to have risk-free electric vehicle charging stations. Businesses don't have to deal with costly upfront costs or OM expenses. Instead, a third party stores and operates the electric vehicles, and the site owner gets an off-the-shelf electric vehicle charging solution, including installation and management software. In addition, the site owner can get the most out of their electric vehicles without being responsible for the charger.

Are electric vehicle charging stations a good business opportunity?

Yes, electric vehicle charging stations are a good business opportunity. In addition to their appeal, electric vehicles are a new business. This means that if you invest in an electric vehicle charging station franchise, you are taking a step forward.

Electric car charging operations generate more than just charging fees. In fact, in most charging station franchises, indirect revenue sources are more important than charging fees. Nevertheless, fees do contribute to costs and increase a station's profit margin.

The reasons for including commissions or supporting free charging sessions vary from company to company. Chargers are usually a good idea because they help offset electricity costs and have the added benefit of adhering to charging etiquette. If electric vehicle chargers are free, check-in desks have to deal with drivers of regular cars and electric vehicles who don't need to charge at electric vehicle charging points because they are looking for better parking spots and electric vehicles. Drivers who spend more time charging than necessary and drivers who drive away from charging points can help ensure that those who need to charge get the charge they need.

Some companies choose some sort of middle ground, meaning they subsidize the charges charged to customers, employees, or renters.

Note that most studies on this topic show that most electric car drivers expect to have to pay for charging. After all, drivers pay for gas at gas stations.

There are several ways to profit from electric car charging stations

• Free (free): charging electric vehicles is free for the convenience of customers, rental operators and employees. Businesses can benefit from installing public charging stations on their premises in the form of increased sales because they attract a broader customer base and customers spend more time waiting to charge their cars. Workplaces can attract talent and increase employee engagement. Businesses can also benefit from the ;green#187? branding feature and the ability to meet sustainability goals.

• Cost recovery: fees are set in the form of tariffs to offset installation and operation costs and protect owners and operators from unforeseen expenses. Fees are typically calculated per kilowatt hour of electricity supplied, per charging session, or per charging hour.
• Profit: Tariffs are set at a price that ensures a profit from charging electric vehicles. Rates are usually calculated per kilowatt-hour of electricity supplied, per charging session, or per charging hour.
• Advertising revenue: Third-party owner-operators rely solely on advertising fees to generate revenue. Charging of electric vehicles is free of charge. While the electric vehicle operator is charging their vehicle, a large screen with a rotating advertisement is displayed next to them.
• Rental income: the site owner leases a portion of his property to a third-party owner/operator to install electric vehicle charging stations. A third party charges electric vehicle drivers a connection fee and owns and operates the electric vehicle charging station.
• Revenue sharing: the owner of the facility pays the third party the sales revenue generated by customers spending more time in the store.

Types of electric car charging station franchises

There are two types of commercial electric vehicle charging stations: Level 2 chargers and DC fast chargers. Both types of chargers have their advantages and disadvantages in a public electric vehicle charging station environment. Level 2 chargers are suitable for most retail and service customers. Level 2 chargers provide a charging range of 15-75 miles per hour DC fast charging points are ideal for electric vehicle charging stations, which are self-contained stations located along major road axes DC fast charging points can charge electric vehicle batteries 80% in as little as 10 minutes. A DC fast charger can charge an electric vehicle battery up to 80% in as little as 10 minutes. Electric car drivers who enter and exit the road as a charging station are more likely to connect to a DC fast charging station.

DC fast charging stations are much more expensive than second-tier charging stations. The power levels and power output requirements for DC fast charging stations are higher than those for Tier 2 charging stations, so more electrical upgrades and more electrical wiring is required. .

How can I generate income from an electric vehicle charging station franchise?

To open an electric vehicle charging station franchise, you need to partner with a company that offers an electric vehicle charging solution. The charging solution must include electric vehicle charging stations, installation of chargers by certified and authorized electricians, licenses, design of the electric vehicle charging system and software to control the chargers. Electric vehicle charging stations are connected to the electric vehicle charging network, usually via WiFi. Using electric vehicle charging software, electric vehicle owners and managers can monitor availability, determine and modify charging charges, generate reports on charging sessions and perform routine maintenance.

Energy5 is a leading electric vehicle charging company and is committed to providing a comprehensive franchise buying solution. We offer all of the above, and as a bonus, we offer our customers a ribeye - whether they are interested in Level 2 chargers or professional continuous power electric vehicle charging stations, the incentives team will research the discounts and incentives available for a particular project and apply on behalf of the customer.